Del Taco Restaurants (NASDAQ:TACO) Releases Earnings Results, Beats Expectations By $0.06 EPS

Del Taco Restaurants (NASDAQ:TACO) issued its quarterly earnings data on Thursday. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06, MarketWatch Earnings reports. Del Taco Restaurants had a positive return on equity of 3.61% and a negative net margin of 45.73%.

Shares of TACO opened at $8.18 on Friday. The stock has a 50-day simple moving average of $8.54 and a 200-day simple moving average of $6.70. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.24 and a current ratio of 0.27. The stock has a market capitalization of $305.32 million, a PE ratio of -1.35, a PEG ratio of 2.21 and a beta of 1.76. Del Taco Restaurants has a 1 year low of $2.45 and a 1 year high of $10.43.

A number of equities analysts recently commented on TACO shares. CL King raised their target price on Del Taco Restaurants from $11.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, August 26th. Wedbush raised their target price on Del Taco Restaurants from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. ValuEngine cut Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, BidaskClub upgraded Del Taco Restaurants from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.33.

In related news, Director Ari B. Levy acquired 13,100 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $7.46 per share, for a total transaction of $97,726.00. Following the purchase, the director now owns 349,216 shares of the company’s stock, valued at approximately $2,605,151.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ari B. Levy acquired 23,760 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $7.45 per share, with a total value of $177,012.00. Following the purchase, the director now directly owns 349,216 shares in the company, valued at approximately $2,601,659.20. The disclosure for this purchase can be found here. Insiders bought a total of 105,310 shares of company stock valued at $829,255 in the last quarter. Company insiders own 16.50% of the company’s stock.

About Del Taco Restaurants

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Earnings History for Del Taco Restaurants (NASDAQ:TACO)

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